Wall Street brokerages predict that Noodles & Co (NASDAQ:NDLS) will announce earnings of $0.06 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Noodles & Co’s earnings, with estimates ranging from $0.05 to $0.07. Noodles & Co reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year over year growth rate of 500%. The company is expected to announce its next earnings report on Thursday, March 12th.
On average, analysts expect that Noodles & Co will report full year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.19. For the next financial year, analysts forecast that the firm will post earnings of $0.24 per share, with EPS estimates ranging from $0.21 to $0.28. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.70 million. During the same period in the prior year, the company earned $0.04 EPS. Noodles & Co’s revenue for the quarter was up 1.4% on a year-over-year basis.
Several research firms recently commented on NDLS. BidaskClub raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Sunday, September 1st. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NDLS. BlackRock Inc. grew its stake in Noodles & Co by 56.6% during the second quarter. BlackRock Inc. now owns 2,045,317 shares of the restaurant operator’s stock worth $16,116,000 after purchasing an additional 739,526 shares during the period. Isomer Partners LP grew its stake in Noodles & Co by 44.7% during the second quarter. Isomer Partners LP now owns 1,700,000 shares of the restaurant operator’s stock worth $13,395,000 after purchasing an additional 525,000 shares during the period. Goodwin Daniel L grew its stake in Noodles & Co by 105.5% during the second quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock worth $5,851,000 after purchasing an additional 381,100 shares during the period. Marshall Wace North America L.P. grew its stake in Noodles & Co by 3,918.1% during the second quarter. Marshall Wace North America L.P. now owns 371,712 shares of the restaurant operator’s stock worth $2,929,000 after purchasing an additional 362,461 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in Noodles & Co during the second quarter worth approximately $2,789,000. 70.61% of the stock is owned by institutional investors and hedge funds.
Shares of NDLS stock traded up $0.09 on Tuesday, hitting $5.66. 902,200 shares of the company’s stock were exchanged, compared to its average volume of 450,446. Noodles & Co has a 12 month low of $4.45 and a 12 month high of $9.79. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.40 and a quick ratio of 0.21. The stock has a market cap of $243.05 million, a P/E ratio of 283.00 and a beta of 0.20. The company has a 50 day moving average of $5.30 and a 200 day moving average of $6.67.
Noodles & Co Company Profile
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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